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Start your banking journey with the leading bank in the region.
Find a suitable account and applyDiscover the benefits of being our customer by browsing through our banking packages.
Learn more about banking packagesLearn all about how to use your account's features and benefits to the fullest.
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All our cards offer you an exciting range of rewards and benefits.
Find a suitable card and applyGet the most out of your credit card by exploring its different benefits.
Learn all about how to use your card's features and benefits to the fullest.
Visit our dedicated support center for answers to all your banking-related questions.
Here's how to make the most out of your loan with us.
Visit our dedicated support center for answers to all your banking-related questions.
Our various FX products and services help you conduct your international transactions easily.
Our wide range of transfer options make it easier for you to send money locally and internationally.
Learn all about how you can seamless use our services to transfer money.
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Know more about our Wealth servicesLife is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Access to over 11,000 stocks and ETFs in Global and UAE markets
Visit our dedicated support center for answers to all your banking-related questions.
Everyday banking is a lot easier with our digital banking platforms and services.
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Visit our dedicated support center for answers to all your banking-related questions.
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Introducing Signature, a programme of distinction reserved for the upper crust of Emirates NBD
Our wealth solutions help you manage your financial future better and achieve your financial goals.
Life is uncertain but you can be prepared to face adversity with our wide range of insurance plans.
Everyday banking is a lot easier with our digital banking platforms and services.
Learn more about our services and get the most out of your banking relationship with us.
We welcome you to a bespoke banking experience tailored to suit your private banking & wealth management needs, should you, your family, or your business have USD 5 Million (or currency equivalent) and above as Assets Under Management with us.
Dubai 18 September, 2016: Stanbic Bank Uganda Limited, a subsidiary of Standard Bank Group Limited (Standard Bank Group), signed a US$ 55,000,000 two year term loan facility on 8 September 2016 in Dubai. Emirates NBD Capital Limited was the Sole Co-ordinator and Bookrunner of the financing.
Al Ahli Bank of Kuwait K.S.C.P, Bank of Baroda, SBM Bank (Mauritius) Ltd and The Commercial Bank (Q.S.C.) joined the transaction as Mandated Lead Arrangers. The financing, which will be used for general corporate purposes, including, but not limited to finance exclusively in the specific sectors of energy, agriculture, mining and quarrying, manufacturing, trade, transport and telecommunications, infrastructure, electricity and water, construction and real estate, was oversubscribed from the initial launch amount of US$ 40,000,000. The facility pays 275 basis points margin over LIBOR.
Dr. Rassem Zok, CEO MENA, Standard Bank of South Africa Limited (DIFC Branch) stated that “the fact that Middle Eastern and International banks have returned to participate in this re-issue for Stanbic Bank Uganda confirms both the positive outlook for the Ugandan economy and confidence in our Standard Bank Group’s leadership in corporate and investment banking in Sub-Sahara Africa”.
Ahmed Al Qassim, CEO, Emirates NBD Capital said “Since the beginning of 2015 we have arranged a number of syndicated loan transactions for African financial institutions. We are pleased to have again partnered with Standard Bank Group in yet another landmark transaction for its subsidiary, we are proud to be the main banking partner for Standard Bank Group and its subsidiaries in the GCC. We consider ourselves as the gateway to Middle-Eastern investors for global institutions, and we are currently working with institutions from various geographies and introducing them to the region”.
Faisal Lalani, Head - Institutional & International Banking, Emirates NBD Bank said “In our efforts to grow our global market share, we have been pursuing business from our counterparts in Africa including Standard Bank Group. Our efforts have resulted in us winning mandates to run their previous syndications for Kenya and Uganda respectively. This transaction serves as another testament of our growing relationship with Standard Bank Group”.
Patrick Mweheire, Chief Executive of Stanbic Bank Uganda said “We are pleased that Stanbic Bank Uganda, the leading bank in Uganda, continues to demonstrate market leadership by completing another successful transaction in the international loan market, in an extended two year tenor at such tight pricing. The over-subscription of our syndicated loan transaction further validates the confidence that the international financing community has in our consistent growth story”.
About Standard Bank Group
Stanbic Bank Uganda is a member of the Standard Bank Group, Africa’s largest bank by assets. The Group reported total assets of R1,9 trillion (about US$ 133 billion) at 30 June 2016, while its market capitalisation was R206 billion (about US$ 14,1 billion).
The Group operates in 20 countries on the African continent, including South Africa. Standard Bank Group has 1,215 branches and 8,713 ATMs in Africa, making it one of the largest banking networks on the continent. It provides global connections backed by deep insights into the countries where it operates.
The Industrial and Commercial Bank of China (ICBC) is SBG’s largest single shareholder.
Stanbic Bank Uganda
Stanbic Bank Uganda is the leading bank in Uganda and provides the full spectrum of financial services. The bank reported total assets of Ushs 4,5 trillion (about US$ 1,3 billion) as at 30 June 2016, while its market capitalisation was at Ushs 1,3 trillion (about US$ 0,4 billion). The bank is the market leader in Uganda.
Its Corporate & Investment Banking division serves a wide range of requirements for banking, finance, trading, investment, risk management and advisory services. Corporate & Investment Banking delivers this comprehensive range of products and services relating to: investment banking; global markets and global transactional products and services.
Stanbic Bank Uganda’s personal & business banking unit offers banking and other financial services to individuals and small-to-medium enterprises. This unit serves the increasing need among Africa’s small business and individual customers for banking products that can meet their shifting expectations and growing wealth.
The Standard Bank of South Africa Limited (DIFC Branch) is licensed and regulated by the DFSA. Any information contained in this communication is directed at persons who qualify as a Professional Client under the Rules enacted by the DFSA. No other person shall act upon such information.
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